Buy 7 units using Residential Loan-2 Parcels 2122 W Augusta Ave 4 Unit Block of Flats £844,234 (£211,058/Unit) 6.26% Net Initial Yield Phoenix, AZ 85021

INVESTMENT HIGHLIGHTS

  • ? Extensive Rehabilitation: Close to half a million dollars invested in transforming the property into a modern, high-quality asset.
  • ? Smooth Stucco Exterior: Offers a fresh, modern aesthetic with enhanced curb appeal.
  • Pair this 4-plex with the neighboring triplex at 2124 W Augusta Ave for a total of seven occupied units on two adjacent parcels:
  • ? Luxury Finishes Throughout: Each unit features quartz countertops and stylish upgrades that attract quality tenants and command premium rents.
  • ? Fully Leased: Consistent rental income with all units currently occupied.
  • ? Residential Financing Available – Ideal for owner-occupants or first-time investors looking for strong cash flow in a quality property.

EXECUTIVE SUMMARY

Property Inforamatin coming soon
Discover the Dynamic 85021: Where Connectivity Meets Community
Located in North Phoenix, ZIP code 85021 offers a vibrant blend of urban accessibility, educational resources, and emerging employment opportunities. The area is undergoing significant redevelopment, enhancing its appeal for residents and businesses alike.
Transportation & Accessibility
Interstate 17 Access-Situated just west of I-17, residents enjoy seamless travel to downtown Phoenix and beyond.
Valley Metro Light Rail-The newly opened **Thelda Williams Transit Center** serves as the northwestern terminus of the Valley Metro Rail's Northwest Extension Phase II. This elevated station provides direct access to downtown Phoenix, the East Valley, and, upon completion, south Phoenix.
Bus Routes-The transit center is served by Valley Metro Bus Routes 27, 35, 90, 106, and the I-17 Rapid, offering comprehensive public transportation options.
Education & Community Services
Arizona School for the Deaf and Blind** A cornerstone of the community, this specialized educational institution provides essential services and education for students with sensory disabilities.
Employment & Development
The Metropolitan-The former Metro-center Mall is being redeveloped into **The Metropolitan**, an $850 million, 68-acre mixed-use urban village featuring over 1,200 townhomes, retail spaces, restaurants, parks, and bike paths.
Formation Park 17-Adjacent to The Metropolitan, this new 22-acre business park is set to include four industrial buildings totaling 425,280 square feet, targeting industries such as manufacturing, semiconductors, and warehouse and distribution.
Retail & Recreation
The Loop-A central feature of The Metropolitan, this pedestrian-friendly retail plaza will offer shops, restaurants, bars, parks, a splash pad, and an outdoor entertainment venue.
Parks & Amenities-The development includes green spaces, an amphitheater for concerts and movie nights, and rooftop amenities such as a restaurant, pool, and pickleball courts.
The redevelopment of The Metropolitan aims to create a walkable, transit-oriented community that serves as a vibrant hub for residents and visitors. With its strategic location, diverse amenities, and commitment to sustainability, 85021 is poised to become a premier destination in Phoenix.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price £844,234
Price Per Unit £211,058
Sale Type Investment
Net Initial Yield 6.26%
Gross Rent Multiplier 12.82
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.23 AC
Building Size 2,187 SF
Average Occupancy 100%
Number of Floors 1
Year Built/Renovated 1987/2022
Parking Ratio 2.74/1,000 SF
Zoning R-3 - Residential

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Waste Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Ceiling Fans
  • Tiled Floors
  • Kitchen
  • Ice Maker
  • Stainless Steel Appliances
  • Cooker
  • Bath/Shower
  • Walk-In Wardrobes
  • Yard
  • Breakfast Area
  • Double Glazed Windows
  • Framed Mirrors
  • Linen Cupboard
  • Window Blinds

SITE AMENITIES

  • Waste Collection - Curbside

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS Avg. Rent.Mo SF
1+1 3 £1,244 580
Walk Score®
Very Walkable (70)

PROPERTY TAXES

  • Listing ID: 35458613

  • Date on Market: 11/04/2025

  • Last Updated:

  • Address: 2122 W Augusta Ave, Phoenix, AZ 85021